[34], Cargill heiress Marion MacMillan Pictet (19322009) ranked #176 on Forbes list in 2010 with a net worth of $4.5 billion,[43][44][45] an increase over $4.3 in 2009. The company was founded in 1865 when W.W. Cargill started a grain storage business in Conover, Iowa. The remaining 10 percent was owned by Cargill employees. Retired Chairman and Chief Executive Officer of Cargill. 11% of the management team is Black or African American. [4] Following the death of William Cargill in 1909, his son-in-law John MacMillan steered the company out of a debt crisis and into stability. [38], His daughter, a fourth generation member, Marianne Cargill Liebmann (born 1953) married Steve Liebmann. "[1], A review of William Duncan MacMillan's 1998 book MacMillan: The American Grain Family,[31] described the MacMillans as "one of Minnesota's wealthiest clans" and "one its most doggedly secretive". Cargill invested more than $10 million in 2020 to support Black, Indigenous and people of color (BIPOC) children and families in our headquarters community of Minneapolis-St Paul, the United States and beyond through education, mentoring, nutrition and digital access programs. Mr. Omar has a strong record of building diverse and inclusive workplace cultures, and driving partnerships in worldwide markets, most notably in Asia. Pedro Cortez Cargill - Board Member - Atipicus | LinkedIn Pedro Cortez Cargill CTO Providencia, Regin Metropolitana de Santiago, Chile 722 seguidores Ms de 500 contactos Unirse para ver. . Board Member . The third generation included the four children of Edna and John H. MacMillan Sr (18691940)John H. MacMillan Jr (18951960) and his wife Marion Dickson (18921980)John Hugh MacMillan III (19282008), Whitney Duncan MacMillan (19302006), and Marion MacMillan Pictet (19302009), who had a daughter, Gwendolyn Sontheim Meyer who had two children. [14] Margaret Anne Cargill, who died in 2006, had bequeathed all her shares in the Cargill conglomerate to two non-profits,[14] but the funds could not be liquidated from the private company. The company's products include grains and oilseeds and provides farmer services and risk management solutions, as well as offers animal nutrition, biofuels, meat and poultry, food, and industrial products. [16]:xiii The success of the company under his tenure from 1936 to 1960 was due in large part to the team he formed with a second-generation family member, MacMillan Jr's uncle, Austin Cargill, who had joined the company in 1913,[16]:245 and Cargill MacMillan Sr. Amazons Daisy Jones & The Six Tops Music And TV Charts, China Aims For Its Gross Domestic Product To Expand Around 5% In 2023, Todays Wordle #624 Hint, Clues And Answer For Sunday, March 5th, UFC 285 Results: Cody Garbrandt Defeats Trevin Jones In Return To The Octagon, The Early Returns Of Kevin Durant In The Phoenix Suns Offense, Desperate Russian Forces Are Sticking 80-Year-Old Naval Guns On 70-Year-Old Armored Tractors, Saturday, March 4. "[28], In a 2007 Forbes article on "The Richest People You've Never Heard of", Cargill Inc was 90 percent owned by the Cargill-MacMillan family and was still the "largest private company in America". Cargill Dow is building a global . The two branches of the familythe MacMillans and the Cargillscontinue to be represented on the board of directors of Cargill Incorporated. Your IP: [40] MacLennan, who had made major changes to Cargill Inc, also moved the company's headquarters from the 85-year-old lakeside offices in a mansion by a lake in Wayzata, Minneapolis to more "mundane" office space nearby. [15], In 2019, Forbes described Cargill Inc as an "international producer and distributor of agricultural products such as sugar, refined oil, chocolate and turkey" that also "provides risk management, commodities trading and transportation services. California Weighs $360,000 in Reparations to Eligible Black Residents. He earned a bachelor of science degree and a Ph.D. in electrical engineering from the University of London, King's College. Hints and clues to help you with today's Wordle. This represents about $6 billion, which would make these two charities "two of the wealthiest grant makers in the United States. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. You can email the site owner to let them know you were blocked. The employee data is based on information from people who have self-reported their past or current employments at Cargill. Win whats next. Dismiss. MINNEAPOLIS (September 15, 2022) - Virginia (Ginni) M. Rometty, former Chairman, President and CEO of IBM, has been elected to the Cargill Board of Directors. Here are further demographic highlights of the leadership team: Chairman and Chief Executive Officer of Cargill, Incorporated, a privately held company and world-leading producer and marketer of food, agricultural, financial, and industrial products and services. [1] Fourteen of the family members were still billionaires in 2019. Passes Away", "The Secretive Cargill Billionaires And Their Family Tree", "The Last Cargill Family Member To Run The Giant Agribusiness Company Has Died", "Biography paints intimate portrait of the clan that built Cargill", "Cargill's retired CEO, wife now cultivate philanthropy", "Cargill MacMillan Jr., Agribusiness Heir, Dies at 84", "Cargill moving out of longtime HQ, reshaping business", "Billion-Dollar Clans: America's 25 Richest Families 2016", "#176 Marion MacMillan Pictet - Forbes.com", https://en.wikipedia.org/w/index.php?title=Cargill_family&oldid=1137404620, This page was last edited on 4 February 2023, at 13:15. Dismiss. [33] Whitney MacMillan (1929 2020)Cargill MacMillan Sr's second oldest sonled the company from 1976 to 1995. Design, CMS, Hosting & Web Development :: Sign up for our free newsletters to stay informed on each days news and trends, Conagra Brands adds new member to board of directors, Tyson nurse charged for impersonation of a medical professional, Temple Grandin addresses the recent controversy regarding CAS, PSSI to pay $1.5 million for child-labor violations. Ishrak grew up in Bangladesh. Dr. Ishrak joined Medtronic as their CEO in June 2011, retiring in April 2020 and staying on as executive chairman and chairman of the board until December 2020. [1] The magazine listed the family's estimated net worth as $38.8 billion and the source of their wealth as Cargill Inc.[1] By 2019, "23 members of the Cargill-MacMillan family own 88% of [Cargill Inc]. Mar 1, 2023. If it were a public company, it would rank, as of 2015, number 15 on the Fortune 500, behind McKesson and ahead of AT&T. . Company profile page for Cargill Corp including stock price, company news, press releases, executives, board members, and contact information Mr. [30] In 2014, 34-year-old astrophysicist, Andrew Cargill Liebmannthe son of Marianne Cargill Liebmannreplaced his uncle who had retired from the board. Page joined Cargill in 1974 as a trainee assigned to the Feed Division. Founded in 1865, it is the largest privately held corporation in the United States in terms of revenue. He also currently serves on the board of directors of the Cleveland Clinic. [19]:249, Cargill MacMillan Jr. (19272011), Cargill MacMillan Sr.'s (19001968) oldest son and the great-grandson of W. W. Cargill, worked at Cargill for 38 years and retired in 1988. He now serves on the University of California, Davis Chancellor's Board of Advisors. Watson joins six other independent directors on Cargill's board: Richard H. Anderson, president and chief executive officer of Amtrak; Louis R. Chnevert, retired chairman and chief executive. [11], By 2011, Cargill had "nearly $120 billion in revenue and 130,000 employees in 63 countries. This combination of proven people, operational and market leadership make him a valuable addition to our board," said David MacLennan, Cargill's chairman and CEO. Their daughter, Margaret Anne Cargill (19202006), who never married, was a philanthropist. Under his leadership, Medtronic realized their mission and purpose, introducing products that improved the lives of patients around the world. Director of Ecolab since 2015. Joining Chevron in 1980 as a financial analyst, he went on to hold financial, analytical and supervisory positions before being appointed president of Chevron Canada Limited in 1996. He was elected to the Cargill board of directors in August 2000 and elected chairman of the board in September 2007. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. [8] The Cargill family had at least 14 billionaires. David Cargill was a national board member for the Arts Council for England, using his position to prioritise regional investment in the arts Other lives Arts Council England Obituary David. Salesforce beat earnings-per-share estimates after the closing bell on March 1, 2023. Watson earned a bachelor's degree in agricultural economics from the University of California, Davis in 1978 and a master's degree in business administration from the University of Chicago Booth School of Business in 1980. The Company produces grains and oilseeds and provides farmer services and risk management solutions, as well as offers animal nutrition, biofuels, meat and poultry, food, and industrial products. MINNEAPOLIS, Sept. 15, 2022 /PRNewswire/ -- Virginia (Ginni) M. Rometty, former Chairman, President and CEO of IBM, has been elected to the Cargill Board of Directors. [11][12], The family was also the majority owner of The Mosaic Company,[11] the largest producer of potash and phosphate fertilizer in the United States. The congressman supported new gun legislation after a school shooting in Uvalde, located in his district. John's knowledge and insights will be invaluable for Cargill and our board.". Cargill, Inc. Jan 21, 2021, 10:00 ET. In an article entitled, "The Richest People You've Never Heard Of", Forbes estimated that the fortunes of the MacMillans were worth $1.2 billion each, and that of James and Margaret Cargill were estimated at $1.8 billion each. Click to reveal Every day, we connect farmers with markets, customers with ingredients, and people and animals with the food they need tothrive. William Cargill founded the Cargill company as an Iowa grain storage business in 1865, during the postCivil War period, and was its CEO for almost 40 years. The Cargill family, also known as the Cargill-MacMillan family, refers to the multi-generational descendants of the American business executive William Wallace Cargill (December 15, 1844 - October 17, 1909) and his son-in-law John H. MacMillan Sr. [28][29] His career at Cargill spanned almost four decades. Company profile page for Cargill Inc including stock price, company news, press releases, executives, board members, and contact information Brent Reitz | Board Member Brent Reitz was named President of Adventist HealthCare's Post-Acute Care Services division, a combination of Rehabilitation, Home Care and Care Navigation service lines, in December of 2019. Harvard labor economist Claudia Goldin summarises the distance we've travelled over the past hundred years, in a kind of Five Ages of Women. [30], By July 2019, Business Insider ranked the Cargill-MacMillan family as the fourth richest billionaire family in the United States. Cargill married Ellen "Ella" Theresa Stowell, and they had four childrenWilliam "Will" Samuel Cargill, Edna Clara Cargill (18711963),[32] Emma Cargill, and Austen Cargill (died 1957)the second generation of the Cargill family. Join now Sign in . When all of these Mosaic shares are finally sold, the two charities could become "two of the wealthiest grant makers in the United States. [1] The company "generates $108 billion in annual revenues". Here, Scott and Lauren Neustadter talk about falling in love with Taylor Jenkins Reid's novel. Vice Chair of the Audit Committee and member of the Governance Committee.Mr. As the new President of Cargill Elevator Company, John H. MacMillan, Sr.Edna Cargill's husbandwas able to reassure the company's creditors. She began her career in banking, working at Citibank, Sandler O'Neill, and AmeriBank, respectively. In announcing the winner Forbes said that "Not only is she almost entirely unknown, but the heiress to the Cargill agribusiness fortune passed away in 2006. An agreement among different branches of the family puts six family members on Cargill's 17-person board. The Cargill company and familywho had at least 14 billionaireswere "famously quiet", living "extremely private lives, many of them on ranches and farms in Montana," according to Forbes. Will His AI Plans Be Any Different? "[3] As the world economy collapsed and the price of fertilizer decreased, the "food family's fortune" suffered. [1] The "family reportedly keeps 80% of Cargill Inc.'s net income inside the company for reinvestment annually. The four children of their second oldest son, Cargill MacMillan Sr (19001968) and his wife Pauline Whitney (19001990) are also second generationCargill MacMillan Jr (19272011), Whitney MacMillan (1929-2020), Alice Whitney MacMillan (19321932), and Pauline MacMillan Keinath (born 1934 in Hennepin County, Minnesota). Together with farmers, customers, governments and communities, we help people thrive by applying our insights and over 150 years of experience. [1] Descendants of Cargill and MacMillan have owned common equity in the "agribusiness giant" Cargill Inc, one of the largest privately owned corporations in the United States,[2][3] for over 140 years. Cision Distribution 888-776-0942 He is a member of the board of trustees of Minnesota Public Radio as well as the Asia Society, the leading educational organization dedicated to promoting mutual understanding and strengthening partnerships among peoples, leaders and institutions of Asia and the United States. from 8 AM - 9 PM ET. [33] The net worth of her daughter, Gwendolyn Sontheim Meyer (born 1961/62), the great-great-granddaughter of William W. Cargill, was $4.4 billion in 2020, placing her #680 on the richest people in the United States in 2020. [11], By 2009, the family company, Cargill Inc controlled "food from stable to table" including "animal feed, meat, [and] crops" and operated "large commodity trading and risk management operations". Together with farmers, customers, governments and communities, we help people thrive by applying our insights and 150 years of experience. He remained as Cargill CEO for 3540 years. Stone joins 15 other members on Cargill's board, including independent directors Richard H. Anderson, retired chairman of Delta Air Lines, Inc.; Louis R. Chnevert, retired chairman and chief. "[19]:249 The involvement of the family was more in the role of ownership, instead of management and directing. This website is using a security service to protect itself from online attacks. [26] He is "generally credited with successfully running Cargill "when the company realized much of its growth. Based on our data team's research, David MacLennan is the Cargill's CEO. Page also serves as non-executive Chairman of the Board of Corteva Agriscience.Director since 2016. Ishrak joined Medtronic as CEO in June. You can email the site owner to let them know you were blocked. In 1998, he was named a corporate vice president with responsibility for strategic planning and mergers and acquisitions. Previously, he was president and CEO of GE Healthcare Systems and held positions at Diasonics/Vingmed and Philips Ultrasound. [4], From 1999 until his retirement in 2007, a nonfamily member, American investor and businessman, Warren Staley, was CEO of Cargill, Inc. of Minneapolis, Minnesota. [33] Marion MacMillan Pictet was also included on the list with an inherited fortune of $4.3 billion. [18] He saved the company from bankruptcy and created a work environment that fostered a loyal and dedicated workforce. Cargill has 166,000 employees, of which 34 are in a leadership position. Roger Watchorn is joining the company's executive team as leader of Cargill's Agriculture Supply Chains (CASC) business, which also includes the company's Ocean Transportation and World Trading Group. Stephanie Lundquist is joining Cargill as the company's new Chief Human Resources Officer (CHRO) and a member of its executive team. [7] In 2009, Forbes listed the net worth of Cargill MacMillan Jr at an estimated $4.3 billion. Brian Sikes President and Chief Executive Officer Julian Chase Business Operations and Supply Chain Pilar Cruz Chief Sustainability Officer Ross Hamou-Jennings Chair of Asia Pacific Jennifer Hartsock Chief Information and Digital Officer Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, CARE, Cargill renew partnership to support women in agriculture during worsening global hunger crisis. Experienced leader in the global food and agriculture industry, committed to nourishing the world in a safe, responsible and sustainable way. For more information, visit Cargill.com and our News Center. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. He also is a member of the board of directors of the Cleveland Clinic as well as a member of the board of trustees of Minnesota Public Radio and the Asia Society. [33] Their fortunes were all listed as "inherited". [11] are part of the fourth generation. Omars deep international experience and strength in technology and innovation helped Medtronic sustain long-term growth during his tenure as CEO, said David MacLennan, chairman and CEO of Cargill. Jen Hartsock is a VP/CIO at CAMERON INTERNATIONAL CORP and Chief Information & Digital Officer at Cargill. Page serves as a member of the board of directors of Eaton Corporation, 3M Company, and . Watson retired from Chevron and its board after a distinguished 37-year career at the company. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Bayern Munich is keeping pace with Borussia Dortmund at the top of the table ahead of the season-defining clash against Paris Saint-Germain on Wednesday. We combine 155years of experience with new technologies and insights to serve as a trusted partner for food, agriculture, financial and industrial customers in more than 125 countries. The country's leadership set this year's economic growth target at around 5%, a target more modest than some had previously projected as policymakers take into account a wide range of difficulties besetting the worlds second-largest economy. After two games, Kevin Durant looks to be extremely comfortable in the Phoenix Suns' offense. He served on the board of directors for many years. China Emphasizes Whole Nation Stance on Tech as US Curbs Bite, China Aims to Boost Grain Capacity Under New Food Security Push, The UK Is Using Drones to Prosecute Small-Boat Migrant Smugglers, Estonias Premier Faces Far-Right Test With NATO Unity at Risk, Japan Planning Steps to End South Korea Trade Rift, Yomiuri Says, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Porsche, Ferrari E-Fuel Push at Heart of EU Engine Debate, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, Chinas 5% GDP Target SignalsCrackdowns Are Not Over. [36] The two children of their oldest son, James R. (Susan) Cargill II (born 1949), whose hometown was Birchwood, Wisconsin. When typing in this field, a list of search results will appear and be automatically updated as you type. When W. W. Cargill died in 1909, Cargill Inc faced a "fiscal crisis". Cloudflare Ray ID: 7a301f3e0f147719 [2] In 2008 the company employed over 150,000 people in 68 countries, and earned revenues of $106.30 billion. The Cargill executive team is 26% female and 74% male. [1][41] In 2016 their revenue was estimated at USD$49 billion,[10] and $113.5 billion in 2019. Marianne Liebmann studied at Montana State University, where she received a Bachelor of Arts degree. There are approximately 90 family members that together own 88% of the company. [16]:xiii The second generation of the Cargill family branched into the Cargills and the MacMillans. Explore institutional-grade private market research from our team of analysts. "[27] He was the last Cargill "family member to serve as chief executive officer". [46][23][32] Sontheim Meyer's inheritance represented an "estimated 7% stake in food giant Cargill. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. With fourteen billionaires in the family in 2019,[1][8] the Cargill family has more individual billionaires among its members than any other family anywhere in the world,[9] making them the family with the most wealthy members in history. When Cargill sold Mosaic, the charities received shares of the public Mosaic stock. What are the main benefits of having another shot creator and off-ball spacer of Durant's caliber? [4] By 1900, the Cargill Elevator Company was a major Midwestern force.
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